Hexcel (NYSE:HXL) Reaches New 12-Month Low Following Analyst Downgrade

Hexcel Co. (NYSE:HXL)’s share price reached a new 52-week low during trading on Monday after Truist Financial lowered their price target on the stock from $85.00 to $80.00. Truist Financial currently has a buy rating on the stock. Hexcel traded as low as $51.84 and last traded at $55.43, with a volume of 120 shares. The stock had previously closed at $56.31.

A number of other brokerages have also weighed in on HXL. Wells Fargo & Company raised their price target on shares of Hexcel from $81.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, January 24th. TD Cowen raised Hexcel to a “hold” rating in a research note on Monday, February 24th. Royal Bank of Canada upped their price target on Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Finally, StockNews.com upgraded Hexcel from a “hold” rating to a “buy” rating in a research report on Monday, March 17th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $72.64.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HXL. True Wealth Design LLC bought a new stake in Hexcel in the third quarter valued at approximately $30,000. Allworth Financial LP raised its stake in Hexcel by 1,069.8% during the 4th quarter. Allworth Financial LP now owns 620 shares of the aerospace company’s stock worth $42,000 after buying an additional 567 shares during the period. Arcadia Investment Management Corp MI bought a new position in Hexcel during the fourth quarter worth about $49,000. Manchester Capital Management LLC grew its stake in Hexcel by 100.0% in the fourth quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company’s stock valued at $53,000 after acquiring an additional 420 shares during the period. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Hexcel in the fourth quarter worth about $57,000. Institutional investors own 95.47% of the company’s stock.

Hexcel Stock Performance

The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20. The company has a market cap of $4.44 billion, a price-to-earnings ratio of 34.73, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. The stock has a 50-day moving average price of $62.23 and a 200 day moving average price of $62.18.

Hexcel (NYSE:HXL) last announced its earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 EPS for the quarter, hitting the consensus estimate of $0.52. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. As a group, analysts anticipate that Hexcel Co. will post 2.14 EPS for the current fiscal year.

Hexcel Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a $0.17 dividend. The ex-dividend date was Friday, February 7th. This is a positive change from Hexcel’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 1.23%. Hexcel’s dividend payout ratio is presently 42.77%.

About Hexcel

Hexcel Corporation develops, manufactures, and markets carbon fibers, structural reinforcements, honeycomb structures, resins, and composite materials and parts for use in commercial aerospace, space and defense, and industrial applications. It operates through two segments, Composite Materials and Engineered Products.